Tokenisation and trust in a modern bullion hub
Singapore is not starting from scratch. Singapore has already emerged as a regional testing ground for digital-asset innovation. Through initiatives such as Project Guardian, the Monetary Authority of Singapore (MAS) has worked with financial institutions and market participants to explore the tokenisation of financial assets and the use of distributed ledger technology in capital markets.
According to industry estimates, the tokenisation of real-world assets could exceed US$10 trillion ($12.9 trillion) globally over the next decade.
Gold, as one of the world’s oldest stores of value, is a natural candidate for tokenisation given its universal recognition, deep liquidity and established custody infrastructure.
Singapore’s ambition to become a leading gold-trading hub is both timely and logical. Gold demand stays strong — driven by central-bank accumulation, geopolitical uncertainty and investor appetite for safe-haven assets. Singapore also has the building blocks: a stable rule-of-law system, world-class logistics, tax-neutral treatment of investment-grade bullion and a growing market infrastructure.
